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20110731
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kcbs/money watch reporter jason brooks. the kincaids live here. across the street, the padillas. ben and his family live here, too. ben's a re/max agent, and he's a big part of this community. there are lots of reasons why re/max agents average more sales than other agents. experience, certainly. but maybe it's also because they care about the markets they serve and the neighbors who rely on them. nobody sells more real estate than re/max. [ woman ] sam begged and pleaded... so i sent him to camp. we'd earned lots of points with our new citi thankyou card... and i put them to good use. he told me about his bunkmates, and how he signs up for every activity. ♪ he even hangs out with the camp director. just like that. [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what's your story? citi can help you write it. this morning... here now is jason brooks with kcbs and cbs moneywatch dot com. debt is pretty much the focus of the marketâu-s and europeâi'll chat about that and hit the numbersâ.will be a tighter hit jason brooks from kcbs and cbs
and they will be answering questions all day long along with the ceo of -- the former ceo, rebekah brooks, of "news of the world." >>> just a short time ago, here's james murdock when he arrived at the parliament building in london. a little different than when his father arrived. his car is better known and his father's car was swarmed by members of the media as he made his way to today's proceedings. as charlie d'agata reports from london, today's testimony comes one day after the mysterious death of a key whistle-blower. >>> reporter: now it's rupert murdock himself who takes center stage in the unfolding hacking drama that has engulfed his empire. >> for critics of rupert murdock this is the best thing that could happen. this is the best case they have ever had to argue against murdock and say he has too much power. >> reporter: murdock and his son james will tell british lawmakers how much they knew about allegations their journalists tapped into voicemails and regularly paid off police. so will former british ceo rebekah brooks, who police are already investigating. the controversy has forced
powerful, high profile people would be dragged in and down. rebecca brooks, the former murdoch editor and british ceo, has now been bailed after her arrest yesterday. she spent several hours answering questions at a police station. there are two criminal inquiries now gearing up. one into phone hacking at murdoch papers and the other into alleged police corruption, both are making serious waves. >> palace, secretary, the mayor on my intention to resign as commissioner of metropolitan service. >> reporter: sir paul stephenson stepped down yesterday. not because he personally did anything wrong, but it was on his watch that murdoch newspaper editor, since arrested in the hacking scandal, was hired as a pr consultantd to the police. in just 24 hours from now, rupert murdoch himself, his son, james, will be grilled by parliamentarians and will be asked about what they did or did not know about dirty tricks regarding their newspapers. all will be watching, as well as investors around the world. >> he is the man that investors have followed to the ends of the earth. he is the man whose judg
rupert murdoch's circle was arrested. the former head of the newspaper rebecca brooks -- she dined with the prime minister at christmas. hours after the arrest, a sup prize announcement. >> i have this afternoon informed -- of my intention to resign as the commissioner of the metropolitan police service. >> the head of -- resigning today. it was on his watch. the editor arrested last week was hired as a pr consultant to the force. both stevenson and brooks have denied wrongdoing. >>> the worst thing to happen to southern california drivers is over. actually it never happened. the massive construction project that went off without a hitch. ,, man: everybody knows you should save for retirement, but what happens when you're about to retire? woman: how do you go from saving to spending? fidelity helped us get to this point, and now we're talking about what comes next. man: we worked together to create a plan to help our money last. woman: so we can have the kind of retirement we want. now, you know how this works. just stay on the line. oh, yeah. fidelity investments. turn here. no is
moneywatch reporter jason brooks. -- we'll get an update from moneywatch reporter jason brooks. ,, ,, i know you're worried about making your savings last and having enough income when you retire. that's why i'm here -- to help come up with a plan and get you on the right path. i have more than a thousand fidelity experts working with me so that i can work one-on-one with you. it's your green line. but i'll be there every step of the way. call or come in and talk with us today. i hang my head out the window. oh man, we're delivering everything you can think of: plywood, cement. i, i enjoy the breeze on my tongue. well uh, and every weekend, seems like we're headin' down to the lake. we're pullin' a boat or somethin'. i don't know why. i just do. it's not a problem. i don't mind as long as we always stop at chevron and get that techron stuff. my ears flop around too. check it out. [ male announcer ] your car takes care of you, care for it. chevron with techron. care for your car. it's hard work; i need a nap. fiber one. almost tastes like one of jack's cereals. uh, forgot jack's cereal. [ jac
son will tell how much they knew about the scandal. so will former british ceo rebekah brooks, who police are already investigating. the controversy has forcerd the head of scotland yard and his deputy to resign over their alleged links to a former murdock executive. the scandal has reached the highest levels of the british government, with opposition leaders saying the prime minister himself has questions to answer about his close ties to the murdock empire. >> but at the moment, if he is unable to provide the leadership the country needs... >> reporter: rebekah brooks is a friend and neighbor to the prime minister. the pair met repeatedly since cameron took office 14 months ago. the prime minister cut short a trip to africa and called for an emergency session of parliament. in a further twist to the scandal, police found one of the first whistle-blowers about hacking dead at his home. police are calling sean hoare's death unexplained but not suspicious. charlie d'agata, cbs news, london. >>> 5:06. a bipartisan plan is being fine- tuned in the u.s. senate. now, this is in hopes ge
." meanwhile former "news of the world" ceo rebekah brooks is out on bail after her arrest on suspicion of corruption and intercepting communications. her attorney denies all the charges. >>> had may not be carmageddon for bay area drivers but there is a bridge closure that commuters want to know about happening in the near future. >> and a passenger refuses security screening at the airport. how she turned the tables on the tsa agent and got arrested for it. >>> a nice day to be flying out of san francisco today. partly cloudy conditions but temperatures today warmer than what we were seeing last week. we'll hit 70 today and even warmer in other parts of the bay area. as you make your way farther to the east, we are seeing much warmer conditions. chicago hitting 94 today. and we are seeing a chance of thunderstorms and rain. about a 40 to 50% chance there. and more wet weather as we continue to new york, temperatures there today topping out at 90. another chance of thunderstorms and rain there and i'll have a full look at the bay area forecast coming right up. ,,,,,,,,,,,,,,,,,, invest
as investors got positive economic data this week. kcbs moneywatch reporter jason brooks will have your moneywatch report coming up at 6:45. >>> good morning. i'm anne makovec. >> i'm frank mallicoat. time is 6:30. we had terrific weather for the holiday. >> yeah. it's going to get hot again, probably even hotter than yesterday. some of those temperatures 90s even some triple digits inland. but a sign of a cooldown in the works. much cooler weather is on the way. we'll talk about that in a moment. right now let's check traffic with elizabeth. >>> back-to-work commute beginning today including a little -- the bay bridge isn't too bad. the metering lights are on but it's backed up to the end of the lot. back to you. >> thank you. >>> breaking news we're following out of east oakland, a junkyard fire torched several cars this morning. firefighters are at 45th and international. right now they are investigating a two-alarm fire. police have just reaped streets in the area. there's a lot of smoke in this fire. you can see it off the freeway, as well. the fire reportedly broke out around 5:15
talked to high-tech worker brooks masterson who admitted to being distracted by his phone but not by videos. >> i had to delete a words with friends game because it was taking too much time. it's a popular scrabble game that you can play remotely with friends and you can have seven or eight games going at once. >> reporter: you self-censored? >> yes. i was too distracted. >> reporter: according to the "chronicle," there are a couple of obvious down sides to this. first of all, lost productivity at work. but also, a lot of workers are tapping into their company's wi- fi network and as that happens, there is a risk of slowing down the system. and they could even be downloading viruses while they are watching those viral videos. i'm matt bigler live in san jose for cbs 5. >>> be careful when you download that season of csi, right, matt? >> right. >>> 6:40. speaking of online, online purchases could soon be taxed. why the power to change that may be in your hands. plus, they are a great way to save big but what's the catch? how groupons could soon be tracking everything you
on conditions that they keep quiet. after the murdochs, their former british ceo rebekah brooks will face the committee. brooks, as editor of "news of the world" newspaper when the hacking was taking place was a hands-on manager. >> rebekah brooks knows the answers to all of these questions. she knows who knew what about what payments, when. she knows everything. >> reporter: however, brooks may not say very much today because she was arrested over the weekend and though out on bail now, will be acutely aware she's involved in a criminal inquiry. now, the murdochs are still speaking to the committee and what we have heard so far indicates they are going to say that they did not know what was going on at the company, that they, themselves, as executives, were misled. >> elizabeth palmer in london, thanks. >>> joining "uss is lanny davis who is special counsel to president bill clinton in the white house. we have been watching this unfold the last half hour or spoke. now, all of a sudden, you have rupert murdoch coming out and saying this is the most humble day of his life. he is striking t
from kcbs moneywatch reporter jason brooks after this break. ,,,,,,,,,,,,,,,,,,,, >>> waking up to cloud cover around the bay area but a warmup this afternoon. this afternoon 70s inland. the bay should see clouds clear out and mix of sun and clouds and temperatures in the mid- 60s. at the coast keeping it cool today, only in the mid-50s and breezy conditions as well along the coastline. now, that low is still in the picture now keeping us cool. high pressure will bring us hot weather next week. this is your forecast through other parts of northern. sacramento today high of 80 mostly sunny skies. hot in redding at 88, fresno 87. yosemite cooler at 80. definitely cooler in monterey and fog only making it to 63 there today. highs for the bay area, keeping them between 7 and 16 degrees below average for this time of year. 75 is the high in fairfield. 70 in livermore. oakland making it to 65 today. san rafael 68. very cool in pacifica only 59 there today. now, this warming trend will be gradual for the next couple of days over your weekend. there will be sunshine in the inland locat
moneywatch reporter jason brooks. ,,,,,, sure, pulling the mold, mildew, and grime from out of the porous caverns of grout takes the right tools, but it also takes a gentle, caring touch. before you can deep clean, you learn to get a feel for its trouble spots. and hey, if you can't listen to grout, you can't truly know its wants...its needs...its dreams. ♪call 1-800-steemer. >>> chopper 5 is live over the scene in livermore. an earlier brush fire again is livermore near patterson pass, east of the lawrence livermore labs. it started at 9:30 last night. 200 acres burned. the fire is contained. no structures damaged. patterson pass is closed from midway to cross fire. they won't open that until 8:00 this morning. so do avoid the area if you can. there is still some activity from chopper 5 here so give yourself some extra time anywhere near the area. but avoid it2. 00 acres were burned in this brush fire. 200 acres were burned. on the maps, traffic conditions along the bay bridge. metering lights on backed up at the caltrans parking lot. earlier accident near treasure island has been cle
the news of the world in britain was arrested. rebecca brooks was the part where rocks british see a old was arrested while at a police station in london. and bribery of police. that arrest comes two days before they are scheduled to answer questions from a parliament rate committee. >>> only a few feet of a when a police officer shot and tell them. now his best friend is also dead. the victim of a shooting. someone caught -- summa shot and killed him friday in hayward. the suspects ran away from the scene. he has not been caught yet. please do not believe the shooting was random. >> it happened in broad daylight . i don't know. it's just dumb. >> now, he is seen in the cell phone video. that is him wearing the grey hoodie on the left of your screen. he was approaching officers and then walking away when officers ordered him to back off. it was moments after that that grant was shot. he filed a lawsuit claiming caldwell had a significant criminal background. >>> a woman in san jose is dead after being hit by a minivan last night. it happened on around a quarter to 10 between old telly an
report we just saw. coming up we'll have an update from kcbs moneywatch reporter jason brooks. stay tuned. ,, ,,,,,,,, i tell ya, i work a long day, every day. i hang my head out the window. oh man, we're delivering everything you can think of: plywood, cement. i, i enjoy the breeze on my tongue. well uh, and every weekend, seems like we're headin' down to the lake. we're pullin' a boat or somethin'. i don't know why. i just do. it's not a problem. i don't mind as long as we always stop at chevron and get that techron stuff. my ears flop around too. check it out. [ male announcer ] your car takes care of you, care for it. chevron with techron. care for your car. it's hard work; i need a nap. >>> a great weekend in store for the bay area. another hot one today and then we'll start to see a cooling tren. for today mostly clear conditions, beautiful shot outside over the city skyline a few low clouds out there along the bay shores but should clear out nicely. out the door this morning, temperatures in the 50s and the 60s inland spots certainly clear right now like i said around the bay, some
brooks. ,,,,,,,, it's really delicious, mom. it's not too well done? nope. but it is a job well done. what are you reading, sweetie? her diary. when you're done, i'd love some feedback. sure. your mom and i read that thing cover-to-cover. loved it. thanks. would you mind if i cut the lawn this weekend? only if you let me talk to your mother on the phone for hours on end. done. [ male announcer ] u-verse brings peace to the family. at&t u-verse lets you record four shows at once from any room and play them back on any tv. get u-verse tv for only $29 a month for 6 months. in the network, everyone can get along. i hang my head out the window. oh man, we're delivering everything you can think of: plywood, cement. i, i enjoy the breeze on my tongue. well uh, and every weekend, seems like we're headin' down to the lake. we're pullin' a boat or somethin'. i don't know why. i just do. it's not a problem. i don't mind as long as we always stop at chevron and get that techron stuff. my ears flop around too. check it out. [ male announcer ] your car takes care of you, care for it. chevron with
. suspended four games with the donnie brook friday night at fen way. at number three, he loses thomas and luckily is able to jump off the bike before falling down this side of mon tons. and the blue jays combined for one of the hits. makes the rouge davis. toronto wins 16-7. and maror ins and rangers, thr only one way to get ichiro out. won eight straight and that is bad news because they are now 12 1/2 games back in the west. that's not good. >> tom lewis is playing in the british open. >> after? >> how he was playing with watson today? is that what he heard? >> his parents named him after tim watson. >> we're coming right back. [ man ] i got this new citi thankyou card and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what's your story? citi can help you write it. >>> ken, please. behave. >> yeah. behave.
with the donnie brook friday night at fen way. at number three, he loses thomas and luckily is able to jump off the bike before falling down this side of mon tons. and the blue jays combined for one of the hits. makes the rouge davis. toronto wins 16-7. and maror ins and rangers, thr only one way to get ichiro out. won eight straight and that is bad news because they are now 12 1/2 games back in the west. that's not good. >> tom lewis is playing in the british open. >> after? >> how he was playing with watson today? is that what he heard?,,,,,,,,,, ♪ ♪ ♪ ♪ [ male announcer ] say hello to the new mango pineapple real fruit smoothies from mccafé, bursting with fresh flavors and blended with creamy low-fat yogurt. the simple joy of exotic refreshment. ♪
rupert murdoch who refused to comment. many fingers are pointing to rebecca brooks now a senior executive with murdoch's empire but at the time was the editor of news of the world. so far the murdochs are defending rebecca brooks job but this is far from over. >> when is the response of the media the paper going away after 168 years? >> reporter: it's a bombshell and a great sadness because it's tradition but a lot of speculation about what is to come. more arrests and certainly more resignations and a lot of interest how this will affect the murdoch business empire. i see the stock is down 4% of the parent company in new york this morning. one of their deals has now been delayed here in britain. >> a 12 million pound deal we will talk about in a minute. >>> eleanor goodman is from channel 14 in britain. good morning. >> good morning. >> how extraordinary move of this is for a paper around almost 170 years to all of a sudden just shut down like this? >> it is extraordinary. i was talking to a person earlier today like a pencil line on a boat. murdoch is
a $4,000 fine. >>> couple of positive reports this morning about jobs in america. here now jason brooks with kcbs and cbsmoneywatch.com. good morning. >> reporter: good morning. this is the kind of news we really want to see. hiring on the upswing. it fell off during the swing. a couple of reports show promise. the labor department says first time weekly unemployment claims fell by 14,000 this week to the lowest level in 7 weeks. we hope for a trend in the right direction. private payroll processor adp says 157,000 new jobs were added to the economy in june. that was more than double the expectation and a lot better than may with only 36,000 new jobs and a promising sign going into the monthly jobs report for tomorrow. jobs still really lagging in a key piece of the economy that needs to improve to show better growth overall for the economy. also a couple of decent reports for local retailers. san francisco-based gap saw 1% sales gain across its three chains a lot better than expected and a nice change of pace. they have been struggling. ross stores saw sales increase 5% that. too beat
responding to petty crimes but cops went when they were robbed. brooks says it was because there was a suspect at her scene. >> the level of response was based on the fact that there was a suspect in the area and they were coming out because there were still some information that was actionable upon. >> reporter: turns out our purse snatching victim got the same response as councilwoman brooks. officers were on the scene in two minutes flat all because they believed that the thief was still in the area. >> reporter: there is actually a city council charter provision that says the city council member can lose his or her job if they try and exercise influence over another employee or break the chain of command but again both councilmembers say they didn't do either of those things, they were just calling a friend for help when a situation happened. ken? >> well, nobody likes it when they break into your stuff and steals it. christin ayers in oakland, thank you. >>> big brother is watching your every move in oakland's fruitvale neighborhood. the city just installed the first
told the browns that "the sun" would run a story on their baby's illness was rebecca brooks. at the time the editor of the sun newspaper, she's now rupert murdoch's british ceo and is herself being questioned by police. john yates, the officer you saw earlier on in my report, has just told the committee that he's 99% sure his phone was hacked, which shows that police investigating the news of the world were themselves not immune. chris? >> i'll tell you, this story grows more and more every day. cbs' elizabeth palmer for us in london. elizabeth, thank you very much. >>> like i said, there's so much more to talk about. we're joined now by steve hewlett who is a media analyst in london for us. good to have you here with us this morning. according to elizabeth's report there are claims the former prime minister gordon brown, the queen both victims of this hacking and rupert murdoch's newspapers. what's the latest on both sides of this story? >> it's going from bad to worse. in fairness, the latest revolution about gordon brown are not hacking, which is about accessing -- illega
the holiday weekend from jason brooks when we come back. ,,,,,,,,,,,,,,,,,,,, >>> good morning, bay area! if you are just getting going, we have a lot of sunshine come our way, mostly clear around the bay area, some fog at the coast. otherwise sunny skies on the way. temperatures by this afternoon going to be warm to hot in spots inland. 80s and mid-90s in the warmest spots inland. plenty of 70s inside the bay and 60s at the coastline. much warmer weekend coming in our direction as high pressure is building overhead. the offshore winds are blowing and it is going to be cooking in some parts of the bay area. going to get hot into fresno today 97 there. 94 in sacramento. 91 yosemite. and 76 degrees in lake tahoe. these temperatures warming up in a hurry today. 86 in san jose. 84 in fremont. about 66 degrees much more comfortable in half moon bay. east bay numbers up in the mid- 90s in the warmest spots. 70s a couple of 80s inside the bay. and as you look toward the north bay, temperatures in the 60s coastside. but away from the coast, the heat is cranked up, up to 90s inland. next couple o
and it looks like unemployment lines are getting longer. >> with more on that here's jason brooks with kcbs and cbsmoneywatch.com. good morning. >> reporter: good morning. unfortunately, weekly unemployment claims surged higher last week up 10,000 to 418,000. this following a pretty big drop the week before which had sort of given us some optimism that perhaps the market was going to head the right way but this has been indicativity past three months to get a drop one week and then heading higher the next week after that. we have yet to see claims fall below 400,000 in the past three months. need to be below that point to indicate that job hiring is going under way in an ernest fashion. so that's a problem for the markets. a lot of earnings are out including a number from the silicon valley. intel reporting that it saw its profit increase 2% to $2.9 billion. its profit would have been higher if not for a couple of major purchases buying mcafee as well as infineon. and intel does say that it's seen an increase in shipped sales to pc makers selling their pcs toists with as well as an increase
brooks. the murdoches could refuse. brook, a british citizen, can be legally compelled. and just as british parliament united in a call on murdoch to withdraw his bid for control of pay tv company bskyb, the wily media tycoon struck preemptively. he announced he was withdrawing his bid. today he surprised everyone with this statement from news corp, quote, we believe it's too difficult for the bid to progress and it is being read here as a humiliation for murdoch. we should also note that news corp's announcement came out at the precise moment that prime minister cameron was sitting down to meet the family of milly doweler that sparked this controversy in the first place. >> interesting timing indeed. what's the reaction to this rather new developmr%] at this point? >> well, many people say it doesn't change anything. murdoch can re-introduce his bid later potentially in the criminal and parliamentary inquiries will continue regardless into the alleged wrongdoing by his newspapers and there may be a debate should he even own the portion of bskyb that he already has. it's a scanda
. at the center of the ugly storm, rebecca brooks, editor of "news of the world" at the time and now runs the murdock newspaper "empire". >> it is absolutely disgusting. >> reporter: the stain of the scandal is seeping into the prime minister's office and there are now legal issues about paying the police for information. people have already gone to jail earlier in this story and' not over yet. >> mark phillips in london thank you. >>> as you just heard from mark the same tabloid already admitted breaking into the voice mail of a long list of celebrities including actor hugh grant who joins us from london. good morning to you. >> good morning. >> it is public outrage as a result of the case with this missing little girl here. that's what it's going to take to take tabloids like "news of the world" to kind of clean up their act? >> is that what it's going to take, is that what you said? >> public outrage. like you mentioned it was all about celebrities before. now when you're bringing in missing kids is that what it's finally going to take to get something done here? >> i think that's righ
brooks and london's police chief but contrition for the murdochs did not give way to admitting knowledge of the dirty tricks employed by those at their newspapers. both rupert and james defending the family legacy. >> it does not mean that i have any knowledge of anyone intentionally misleading me in the company. i don't. >> reporter: saying they simply didn't know what was happening. then theater moments early turned to farce. a protester from the public gallery tried to slam a foam pie into murdoch's face. he might have gotten closer had it not been for the swift response and powerful right hook of murdoch's wife. when the hearing resumed, a shirt sleeved murdoch seemed to gain the upper hand and the respect of his interrogator. >> i must say i it shows guts for you to be able to continue answering questions under the circumstances and a lengthy session. thank you for it. >> thank you. >> reporter: at times he appeared to be bemused and not being questioned by anyone but in the end a glimpse of the man who for decades ruled his empire and for now at least rmremains >> this terrible thi
chief executive rebecca brooks to appear before a parliamentary committee which grilled senior police officials. david cameron told parliament yesterday if you own media in this country you should be able to come under oath. >> others have said that in the behavior to watch those without a voice of their own, news international descended from the gutteders to the sewers. the tragedy, mr. speaker, they let the rats out of the sewers. >> reporter: there are questions for murdoch to answer ins. a growing number of senators are calling for news corp that includes fox news and "wall street journal" to be investigated to determine if american laws were broken. reports "news of the world" tried to hack into the phones of 9/11 victims. >> this is a new development. uk lawmakers have asked pierce morgan in a entry in this book. what has drawn their attention today? >> he was a long time employee of "news of the world." "the mirror" may be for -- i think published in 2005 and politicians suggesting he should appear and tell them what he knew. >> cbs' dana lewis in london, thank you. good to tal
lunch with rebecca brooks. there is a scramble inside the media empire to control toxic fallout from "the news of the world" hacking scandal, which could start making waves in the u.s. >> there's also the issue of did it happen here? "the news of the world" has lots and lots of reporters at any given time on the ground in the u.s. many of its stories, particularly many of its celebrity stories are datelined here. >> reporter: the scandal broke last week with the case of millie dauer. her parents and others discovered that personal voice messages had been hack ed by nes of the journalists hunting for stories. in 2007, a secret internal investigation at murdoch's uk company -- the question now is who knew what when? the ceo of dow jones and publisher of the wall street journal, both owned by murdoch. he may have seen that report. and rupert murdoch's son, james, authorized a reported $1 million payment to one of the hacking victim. >> i acted on the advice of executives and lawyers within complete investigation. and that's a matter of real regret for me, personally. >> reporter: shareh
of athletic clothes. i mean, i wear my yoga pants for everything. hiking, biking, pilates... [ woman ] brooke... okay. i wear yoga pants because i am too lazy for real pants. that's my tide. what's yours? but they'd rather they disappear. mott's medleys has two total fruit and veggie servings in every glass but magically looks and tastes just like the fruit juice kids already love. mott's medleys. invisible vegetables. magical taste. >>> in this morning's "healthwatch dwherkts mammogram debate. breast cancer is the second deadliest form of the disease among women. last year it killed 40,000 americans, but there is still no agreement on how and when and how often to screen for it. on wednesday, the american college of obstetricians and gynecologists say annual mammograms should be offered to all women starting at 40. two years ago, a government panel recommended waiting until age 50. so we're looking for clarity on this life and death issue. we get it from cbs news medical correspondent dr. jennifer ashton and nancy brinker, founder and ceo of the susan g. komen foundation. great to have you b
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